Obligations for Indemnification Clause Samples
The Obligations for Indemnification clause defines the responsibilities of one party to compensate the other for certain losses, damages, or liabilities arising from specified events or actions. Typically, this clause outlines the circumstances under which indemnification is required, such as third-party claims resulting from a party’s breach of contract, negligence, or misconduct, and may detail procedures for making indemnification claims. Its core practical function is to allocate risk between the parties, ensuring that the party responsible for causing harm bears the financial consequences, thereby protecting the other party from unforeseen liabilities.
Obligations for Indemnification. Genesis has no knowledge, actual or ------------------------------- constructive, and no reason to know of any claim of any Person for indemnification under Genesis's Operating Agreement, or any basis for any such claim.
Obligations for Indemnification. From and following the Closing, each of ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ and Tone Grant hereby (i) guarantees the obligations of RGHI under Section 2.4, Section 5.13 and Article 8 (provided, that each such party guarantees only 50% of such obligations of RGHI) and (ii) warrants and covenants that, at the time the Closing is to occur, the statements and covenants in Section 10.10 of the Securityholders Agreement will be accurate and will not have been violated. The guarantees set forth in this Section 9.12 are unconditional and shall survive any amendment or modification of the terms of this Agreement or the Securityholders Agreement.
Obligations for Indemnification. Except as set forth on Schedule 4,17, no person has any claim for indemnification by NetSat and no basis for any such claim exists.
Obligations for Indemnification. Except as disclosed in SCHEDULE C-20, no person has any claim for indemnification under SCTC's Certificate of Incorporation or bylaws, or under applicable state law, and to the best knowledge of SCTC no basis for any such claim exists.